United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 33, § 573: Withdrawal, 1965

Unit owners may remove a property from this chapter only by a duly recorded instrument signed by 90% of the unit owners and with lienholders’ consent or recorded agreement to transfer liens.

condominium propertyliensrecorded instrument

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01

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“Unit owners may remove a property from this chapter only by a duly recorded instrument signed by 90% of the unit owners and with lienholders’ consent or recorded agreement to transfer liens.”

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    Enacted 1965 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Withdrawal

Unit owners may remove a property from this chapter only by a duly recorded instrument signed by 90% of the unit owners and with lienholders’ consent or recorded agreement to transfer liens.

Section 573

04

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Source record from legislature.maine.gov · Enacted 1965 · Source version 1 Oct 2025

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Provision
§ 573WithdrawalProvision

Unit owners may remove a property from this chapter only by a duly recorded instrument signed by 90% of the unit owners and with lienholders’ consent or recorded agreement to transfer liens.

The unit owners may remove a property from the provisions of this chapter by an instrument to that effect, duly recorded, containing the signatures of 90% of the unit owners, provided the holders of all liens affecting any of the units consent thereto or agree, in either case by instruments duly recorded, that their liens be transferred to an undivided interest in the property. Upon removal of the property from this chapter, the unit owners shall be deemed to own the property as tenants in common with undivided interests in the percentage of undivided interests previously owned by such owner in the common areas and facilities. [PL 1965, c. 357 (NEW).]
Section 573Verify source

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  • 1 Oct 2025 · currentEnglish

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